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Module 04
Central Banks & QE
Who catches the system when it tips? And who ultimately pays for it?
Keyboard: space = play/pause · ← → = back/forward 5 s · F = fullscreen · M = mute
The Fed as Lender of Last Resort, the mechanics of Quantitative Easing, the explosion of the Fed balance sheet in 2008 and 2020. The Cantillon effect explains why asset prices rise before consumer prices, and what that means for you.